Matrixport Report: Ethereum Uptrend Intact but Weakening — Thielen Predicts $4,355 Retest as Treasury-Company Fundraising Becomes Key

Matrixport’s latest social-media report underscores that market attention remains concentrated on Ethereum and firms linked to the Ethereum treasury thesis. The research notes the token’s broader uptrend is holding, with price finding support near the moving average, and that mid‑August dip‑buying restored short‑term positioning. Analyst Markus Thielen flagged a loss of momentum and models a trading corridor roughly between $4,355 and $4,958, identifying a potential retest of the lower bound. Near‑term outcomes, the report argues, will hinge on the fundraising capacity and public narratives delivered by treasury‑focused companies. Market participants should therefore track technical levels, corporate treasury flows and sentiment as primary risk drivers for portfolio calibration.